Jul 22, 2022 11:59:00 AM | LGT Beacon
LGT Beacon: Torn between two paths for the global economy
Markets seem torn between two future paths. On the one hand, we have lingering concerns of an overheating economy on the back of an ongoing demand rebound and supply squeezes – an inflationary confluence that keeps central banks rushing toward a restrictive policy regime. On the other hand, rising interest rates fuel fears of a sapping economy, with many investors now expecting an imminent recession. We take a balanced path through this challenging environment.